# 170 ROOSEVELT DRIVE, SARASOTA, FL 34236

> **TL;DR:** residential multi family, $1,600,000 ($5442/sqft), built 1955, 294 sqft. Est. $6,933/mo. Listed 157 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,600,000 |
| Price/sqft | $5442 |
| Square Feet | 294 |
| Year Built | 1955 |
| Lot Size | 39,204 sqft (0.90 acres) |
| Property Type | Residential Multi Family |
| Status | For Sale |
| Days on Market | 157 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $6,933 |
| **Total** | **$6,933** |

## Property Highlights

- Built in 1955
- 0.90 acre lot

## Description

### Agent Description
Rare Income-Producing Portfolio on South Lido Key – 5 Turnkey STR Units
A rare opportunity to acquire a fully operating short-term rental portfolio on South Lido Key, one of Sarasota’s most coveted coastal markets. This offering includes five updated studio units within a boutique beachside community just steps from two direct beach access points and a short ride to St. Armands Circle.

Each unit is managed, actively listed, and consistently booked, delivering proven performance and strong guest demand year-round. These condos have a long track record as successful Airbnb rentals, with 2024 gross income averaging $38,470 per unit and portfolio-wide net income of $113,255 after HOA, taxes, utilities, and cleaning expenses. This is a cash-flowing, turnkey asset in a high-barrier-to-entry vacation rental market.

The property features a community pool and sliding glass access private patios for each unit, creating the indoor/outdoor lifestyle guests expect on Lido. Interiors have been updated over the years and show pride of ownership throughout. Major mechanical systems are in good condition, with recent A/C and hot water tank replacements across the portfolio for peace of mind.

Unit Renovation & Mechanical Summary:
• Unit 2 – Updated | AC ~4 yrs | WH < 6 yrs
• Unit 6 – Updated | AC ~4 yrs | WH < 6 yrs 
• Unit 10 – Updated | AC ~2 yrs | WH < 6 yrs
• Unit 11 – Updated | AC ~3 yrs | WH < 3 yrs
• Unit 12 – Updated | AC ~2 yrs | WH < 3 yrs

This type of offering is rarely available — a multi-unit STR package on Lido Key with documented income history, repeat traveler base, and proven operational infrastructure already in place. Keep as a turnkey portfolio, self-manage, or explore value-add improvements and dynamic pricing to further enhance returns.

5 units. One unbeatable coastal investment. Opportunities like this do not come around often.

## Location

- **Address:** 170 ROOSEVELT DRIVE, SARASOTA, FL 34236
- **County:** Sarasota
- **Neighborhood:** PELICAN GARDENS
- **Coordinates:** 27.308397, -82.571252
- **Google Maps:** https://www.google.com/maps?q=27.308397,-82.571252

## Listing Agent

- **Name:** Joey Lamielle
- **Brokerage:** RE/MAX ALLIANCE GROUP
- **Phone:** 9413500016
- **Email:** Joeylamielle@gmail.com

## Primary Photo

![170 ROOSEVELT DRIVE - Primary Photo](http://lh.rdcpix.com/b15d353d029d6f25970d1be67bc9710el-f631800284r.jpg)

*29 total photos available on [listing page](https://www.propertysimple.com/listing/170-roosevelt-drive-sarasota-fl-34236-a4670924)*

---

**MLS#:** A4670924 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/170-roosevelt-drive-sarasota-fl-34236-a4670924)

---

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